Description

In this episode of Commercial Real Estate Talk with Steve and Arnie, our hosts interview Colton Sudberry, President & CEO of Sudberry Properties, an extremely active developer of large, master-planned, multi-phased, mixed-use projects around San Diego County over the past five decades. In this very interesting and informative conversation, we discuss with Colton: his early life experiences growing up in San Diego and then going to University of Colorado and being on the Buffalo football team that won the national championship in 1990; how he started in commercial real estate at firms like CBRE before joining his father in the development business; the first major development deal he got done, a Target-anchored center in Eastlake; the standout development in his career; the one he wishes he didn't get started on; details about Sudberry’s current projects - Civita, El Corazon and Watermark; how Sudberry finds new properties or projects, how they finance projects, how they analyze developments, and how and why they exit properties. We also discuss how they structure their deals and where the equity comes from. We then got into his views on the different sectors as well as the challenges involved with developing today, including the status of their industrial projects in Otay Mesa. Other topics covered include his appreciation for architecture, design and amenities; the major challenges today developing in the region and state; the firm's hiring needs and, charitable efforts, along with Colton's personal interests. Thank you, Colton, for the great conversation and for sharing all this valuable information with our audience!! It is another "must watch" show if you are in the commercial real estate investment world. Commercial Real Estate Talk is Sponsored by: ROCKEFELLER GROUP, CHASE PARTNERS; PROVIDENT SAVINGS BANK; and FIDELITY MORTGAGE LENDERS. To be a part of Commercial Real Estate Talk, please email Steve Bloom at sbloom@rentv.com or Arnie Garfinkel at arnie@allstargroup.com.